Mar, 31, 2022 — DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 3 branch locations and about $666.45 million in total assets. Opened 58 years ago in 1964, DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION has about 19,399 members and employs 97 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1401 Constitution Ave NW Rm B-0038A WASHINGTON, DC 20230-0001 |
Phone: | (202) 808-3600 |
Fax: | (202) 482-4317 |
Website: | http://www.docfcu.org |
Branches: | 3 branch locations |
Members: | 19,399 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16410 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $666,448,102 |
CEO/Manager: | Evan Clark |
Chairperson: | James Boney |
ASSETS: | $ Amount |
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Cash & Equivalents | 64,786,023 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 433,736,335 |
Unsecured Loans | 49,153,948 |
Other Loans | 26,559,679 |
TOTAL LOANS | 509,449,962 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,462,731 |
Land And Building | 0 |
Other Fixed Assets | 1,640,370 |
NCUSIF Deposit | 3,979,787 |
All Other Assets | 0 |
TOTAL ASSETS | 666,448,102 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 51,600,000 |
Accounts Payable & Other Liabilities | 17,472,492 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,400,000 |
Share Drafts | 104,979,220 |
Regular shares | 119,577,537 |
All Other Shares & Deposits | 320,591,872 |
TOTAL SHARES & DEPOSITS | 545,148,629 |
TOTAL LIABILITIES | 622,621,121 |
Regular Reserve | 0 |
Other Reserves | 6,043,392 |
Undivided Earnings | 37,783,589 |
TOTAL EQUITY | 43,826,981 |
TOTAL LIABILITIES, SHARES, & EQUITY | 666,448,102 |
INCOME & EXPENSE | |
Loan Income | 4,845,083 |
Investment Income | 263,093 |
Other Income | 131,368 |
Total Employee Compensation & Benefits | 3,139,040 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,779,491 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 307,996 |
Cost of Funds | 1,413,693 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -353,503 |
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